Category: Finance
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Invesco Blockchain ETF Trading Commences on London Stock Exchange
Invesco, an American investment management company that is traded on the S&P 500, has launched an exchange-traded fund (ETF) targeting companies operating in the distributed ledger technology sector. The blockchain ETF will track nearly 50 companies that stand to benefit from growth in the distributed ledger technology industry including Taiwan Semiconductor Manufacturing Company and Apple.…
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Market Maker Sues Lawyer Over $4 Million BTC Transaction Gone Awry
Market making and over-the-counter trading firm GSR Markets is taking legal action against lawyer Diana McDonald, who is accused of pocketing $2 million from a $4 million BTC transaction in which she acted as an escrow. Also Read: In the Daily: Bitcoin Begging, NEM Foundation Fights to Survive, Huobi Prime GSR Markets Sues Lawyer Over…
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Meet The New Platform MonarchPay, That Is Taking The Place of Square and PayPal
[et_pb_section fb_built=”1″ _builder_version=”3.19.18″ custom_padding=”0|0px|0|0px|false|false”][et_pb_row custom_padding=”21.6125px|0px|0|0px|false|false” _builder_version=”3.19.18″][et_pb_column type=”4_4″ _builder_version=”3.19.18″][et_pb_image src=”https://amazingcrypto.com/wp-content/uploads/2019/03/Monach-3.jpg” _builder_version=”3.19.18″ custom_margin=”||30px”][/et_pb_image][et_pb_text _builder_version=”3.19.18″] DALLAS, TX / ACCESSWIRE / February 27, 2019 / Some claim cryptocurrencies like Bitcoin, Ethereum and Litecoin, will never be used by the greater public as means of payment, while others argue cryptocurrencies are primed for mass adoption within the next decade. However, there…
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Swiss Stock Exchange Launches Trading for ETH ETP
Switzerland’s SIX stock exchange has announced the launch of an ETH exchanged-traded product. March 5 comprised the first trading day for the ETP, which is backed by Swiss company Amun AG. The launch comes one month after SIX announced its intention to launch a blockchain-powered exchange during the second half of this year. Also Read:…
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Blockfi Launches Interest Bearing Savings Accounts for Cryptocurrencies
On March 4, cryptocurrency-backed USD lending platform Blockfi announced the launch of a new savings program called the Blockfi Interest Account (BIA). Having started as a private beta service, BIAs are now available to the public who can store bitcoin core (BTC) and ethereum (ETH) and receive 6 percent annual interest, paid monthly in cryptocurrency.…
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Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards
While there’s been a lot of news of cryptocurrency debit cards closing shop over the last two years, a company called Payglobal offers cryptocurrency to fiat transfers onto a user’s existing bank card. The U.K. based e-wallet service licensed by the Financial Conduct Authority (FCA) aims to provide a variety of end-to-end solutions for people…
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Platform for Crypto Payments to Bank Accounts Launching in the UK
A company based in London has announced it’s launching a payment service that can help increase the mainstream adoption of cryptocurrencies. It allows users to send or spend digital coins which are converted and then transferred in the form of fiat money to the recipient’s bank account. Also read: ‘Bitcoin to the Moon’ Signs Appear…
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German Derivatives Exchange Rumored to Be Launching Crypto Futures
Eurex, a derivatives exchange that is operated by German exchange organization Deutsche Börse, has announced its intention to launch several crypto futures contracts. The company is reportedly planning to introduce contracts for BTC, ETH, and XRP. Also Read: US ETF Ruling to Inform South Korean Cryptocurrency Market Eurex Expected to Launch Crypto Futures Contracts Deutsche…
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Report: ‘The State of Stablecoins’ Maps the Growth of Fiat-Pegged Cryptocurrency
A new report published this week shines a light on the stablecoin ecosystem. Authored by George Samman and Andrew Masanto in conjunction with Amazix, the report traces the rise of digital currencies against a backdrop of high inflation in 16 countries. The report claims these conditions will create a need for fiat-pegged digital currencies that…
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University of Michigan Endowment Backs Crypto Venture Capital Fund
The financial endowment fund of the University of Michigan, one of the oldest and most established academic institutions in the U.S., is the latest institutional investor revealed to have entered the cryptocurrency ecosystem. Its endowment is backing a crypto venture capital fund managed by Andreessen Horowitz. Also Read: In the Daily: Sirin Labs Smartphone, Middle…